Code · Louisiana · Title 38 — Public Contracts, Works and Improvements

RS 38:433

93 words·~1 min read·/la/title-38/38-1049

A research copy — for the controlling text, always check the official state or federal source. Not legal advice.

RS 38:433

§433. Refunding of outstanding bonds

The refunding of the outstanding bonds of a levee district or levee and drainage district into the bonds authorized by this Subpart may be effected by a direct exchange of bonds or by a negotiation of the bonds authorized by this Subpart, and the application of the proceeds to the payment of redemption of the bonds now outstanding.

Acts 1985, No. 785, §1, eff. July 22, 1985.

{{NOTE: REGARDING R.S. 38:431-436, SEE ALSO R.S. 38:1117(A)(3) AS PER ACTS 1985, NO. 466, §2, WHICH MAY BE CONFLICTING.}}